India News

Export sops likely to continue till March 2021
Writer Admin

 India is likely to continue export incentives worth Rs 40,000 crore till next year as the government looks to cushion the impact of Covid-19 on the country’s outward shipments.

The commerce and industry ministry is considering a plan to extend the Merchandise Exports from India Scheme (MEIS) till March 31, 2021. The proposal was mentioned in a letter to development commissioners of special economic zones from the Department of Commerce. ET has reviewed the letter.

India’s exports shrank almost 35% to $21.41 billion in March from a year earlier. They declined 4.8% to $314.31 billion in FY20 from $330.08 billion in FY19. 

 

Read More: https://economictimes.indiatimes.com/news/economy/foreign-trade/export-sops-likely-to-continue-till-march-2021/articleshow/75562434.cms